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Stock Market & Financial Investment News

News Breaks
December 31, 2012
09:39 EDTMGLNMagellan Health says health plan customer will not renew contract
Magellan Health Services disclosed in a regulatory filing that it currently provides behavioral health management services to a commercial health plan customer pursuant to a contract with a term ending December 31, 2013. The company’s revenue pursuant to such contract for the nine months ended September 30, 2012 was approximately $144.5M. Magellan said the customer has informed the company that, after a competitive evaluation process, it has decided not to renew its contract with the company and to contract with another behavioral health management vendor. Since the contract expires on December 31, 2013, the notice by this customer that it will not renew the contract will have no effect on the company's previously issued guidance for 2013, Magellan stated.
News For MGLN From The Last 14 Days
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October 24, 2014
06:42 EDTMGLNMagellan Health expects to have solid profit growth in 2015
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06:42 EDTMGLNMagellan Health raises FY14 adjusted EPS to $3.21-3.72 from $2.67-$3.32
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06:39 EDTMGLNMagellan Health board authorizes new share repurchase program of up to $200M
Year-to-date through Tuesday, October 21, 2014, the company repurchased approximately 2.8 million shares for a total cost of $161.8M, at average price of $57.54, and has completed approximately $277.7M of the current $300M authorization. The board has authorized a new share repurchase program of up to $200M over a two year period until October 22, 2016.
06:39 EDTMGLNMagellan Health reports Q3 adjusted EPS $1.30, consensus 46c
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October 21, 2014
09:03 EDTMGLNMagellan Health selects HMS unit for cost containment solutions
HMS, a wholly owned subsidiary of HMS Holdings (HMSY), announced that Magellan Health (MGLN) has selected HMS for cost containment solutions, including fraud, waste, and abuse detection and prevention across the company, as well as for insurance verification and subrogation services for Magellan Complete Care of Florida.

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